Uber’s gross bookings, or the value of transactions on its app, were up 20% at $37.65B in 1Q but missed analyst projections. The number of app users increased 15% during the quarter and frequency of use increased 6%, but pricing was relatively flat, CFO Prashanth Mahendra-Rajah says on a call with analysts, adding that the company expects to see similar trends in 2Q. Uber’s 2Q guidance includes a 5 percentage point headwind to gross bookings in its ride-hailing business from forex changes related to the Argentine peso, the CFO says.